A&O Shearman | FinReg | Delegated Regulations under the EU Digital Operational Resilience Act Published

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Delegated Regulations under the EU Digital Operational Resilience Act Published

May 30, 2024
The following Delegated Regulations supplementing Digital Operational Resilience Act have been published in the Official Journal of the European Union:
- Delegated Regulation (EU) 2024/1502 on the criteria for the designation of ICT third-party service providers as critical for financial entities.
- Delegated Regulation (EU) 2024/1505 determining the amount of the oversight fees to be charged by the Lead Overseer to critical ICT third-party service providers and the way in which those fees are to be paid.
Both Delegated Regulations will enter into force on June 19, 2024, except for the systemic assessment sub-criterion on the ICT third-party service provider's dependency on subcontractors, which will be effective as of January 16, 2025.

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Topic: Operational Resilience